The two basic elements to consideration are legal adequacy and a bargained-for exchange

a. True
b. False
Indicate whether the statement is true or false


False

Business

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In the United States, laws do not regulate the licensing process per se as do technology transfer laws in the EU, Australia, Japan, and many developing countries

Indicate whether the statement is true or false

Business

An accountant is responsible for the following activities: (1 ) receiving all cash; (2 ) maintaining the general ledger; (3 ) maintaining the accounts receivable subsidiary ledger that includes the individual records of each customer; (4 ) maintaining

the journals for recording sales, purchases, and cash receipts; and (5 ) preparing monthly statements to be sent to customers. As a service to customers and employees, the company allows the accountant to cash checks of up to $75 with money from the cash receipts. When deposits are made, the checks are included in place of the cash receipts. What weaknesses in internal control exist in this system?

Business

Which of the subprocesses of bargaining is most concerned with the fact that the employer-employee-union relationship is a long term, ongoing relationship?

A. Distributive bargaining B. Integrative bargaining C. Attitudinal structuring D. Intraorganizational bargaining

Business

For the purposes of procedural due process, __________ includes certain entitlements conferred by government such as social security payments and food stamps

a. the right of free speech b. equal protection c. property d. liberty

Business